London-listed 3i Infrastructure has said its total income rose in the first half of fiscal 2024, boosted by its portfolio performing better than expected.
The FTSE 250-listed infrastructure-investment group said Friday that its portfolio continues to deliver strong earnings growth and reinvestment opportunities, with TCR, Tampnet, Valorem and GCX performing better than expected in the six months ended Sept. 28.
Total income and non-income cash in the period was £103m, up 5% from the same period in fiscal 2023.
The company is on track to meet its dividend target of 11.90 pence a share for fiscal 2024, a 6.7% rise from fiscal 2023.
From Dow Jones Newswires
https://www.penews.com/articles/3i-infrastructures-income-rises-on-strong-portfolio-performance-20230929
